EUR News

Germany's exports rebounded at a stronger than expected pace in April despite sanctions imposed on Russia dampening trade in Europe. Exports advanced 4.4 percent on a monthly basis, in contrast to the 3.0 percent decline posted in March, data from Destatis showed on Friday. Shipments were expected to grow only 1.5 percent.

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The euro area economy grew at a faster-than-estimated pace in the first quarter on net contribution from trade, revised data from Eurostat showed on Wednesday. Gross domestic product expanded 0.6 percent from the fourth quarter, when the economy had advanced 0.2 percent. The rate was revised up sharply from 0.3 percent.

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Eurozone inflation accelerated to a fresh record high in May driven by surging energy prices, final data from Eurostat showed on Friday.

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Germany's consumer confidence dropped to a new record low in July as consumers see the risk of the economy slipping to a recession, survey results from the market research group GfK showed on Tuesday. The consumer confidence index fell to -27.4 in July from revised -26.2 in June. The score was forecast to fall to -27.6.

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Germany's consumer price inflation unexpectedly slowed in June from a record high as the government took measures to reduce the burden of soaring energy prices on households and to reduce fuel consumption. Consumer price inflation eased to 7.6 percent in June from 7.9 percent in May, preliminary data from Destatis showed on Wednesday. The consumer price index edged up 0.1 percent in June from May. The harmonized index of consumer prices fell 0.1 percent month-on-month in June, in contrast to the 1.1 percent increase in May.

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Spain unemployment declined sharply in June to the lowest since October 2008, the labor ministry reported Monday.

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Germany's factory orders unexpectedly expanded in May underpinned by the rise in demand from the non-euro area countries, data from Destatis showed on Wednesday. New orders grew 0.1 percent month-on-month in May, in contrast to the revised 1.8 percent decline in April and the expected fall of 0.6 percent.

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Germany's industrial production grew less than expected in May, data from Destatis revealed on Thursday.

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The European Central Bank raised its interest rates for the first time in over a decade on Thursday, by a bigger-than-expected 50 basis points, and unveiled an anti-fragmentation tool called the Transmission Protection Instrument, or TPI.

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Germany's wholesale price inflation slowed for the third straight month in July but remained at an elevated level due to higher raw material costs, Destatis reported Monday.

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